The influence of corporate governance on relational capital disclosure among high growth technology companies / Norman Mohd Saleh and Saiful Bakhtiar Masduki

Mohd Saleh, Norman and Masduki, Saiful Bakhtiar (2016) The influence of corporate governance on relational capital disclosure among high growth technology companies / Norman Mohd Saleh and Saiful Bakhtiar Masduki. Management & Accounting Review (MAR), 15 (1). pp. 1-34. ISSN 2550-1895

Abstract

This study examines the relationship between corporate governance elements and relational capital disclosure. This study analyses 229 annual reports of companies in the technology industry that are listed on the Main and ACE Market of Bursa Malaysia. The results indicate that multiple directorships, institutional and government ownerships positively affect relational capital disclosure. Managerial ownership, on the other hand, reduces the incentives of the management to signal such information. In addition, we also find younger companies to have more incentives to disclose relational capital information compared to more established companies. Contrary from past research, this study used a conceptual model developed based on network theory that suggests companies have an incentive to increase their competitive advantage by increasing network between organizations. This study is the first of its kind that specifically investigates the association between relational capital disclosures with the corporate governance practices. The results highlight that important corporate governance determinants of relational capital disclosure can be predicted when signaling intention of the board and network arguments are considered. The findings are useful for regulators in emerging countries characterized by highly networked economy, whereby, business and personal networks are important for company sustainability.

Metadata

Item Type: Article
Creators:
CreatorsEmail / ID. Num
Mohd Saleh, NormanUNSPECIFIED
Masduki, Saiful BakhtiarUNSPECIFIED
Subjects: H Social Sciences > HD Industries. Land use. Labor > Corporations
H Social Sciences > HD Industries. Land use. Labor > Corporations > Corporate organization. Corporate governance
H Social Sciences > HD Industries. Land use. Labor > Corporations > Corporate organization. Corporate governance > Malaysia
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Accountancy
Journal or Publication Title: Management & Accounting Review (MAR)
Journal: UiTM Journal > Management & Accounting Review (MAR)
ISSN: 2550-1895
Volume: 15
Number: 1
Page Range: pp. 1-34
Official URL: http://arionline.uitm.edu.my/ojs/index.php/MAR/art...
Item ID: 31056
Uncontrolled Keywords: Corporate governance, capital growth, high growth companies
URI: http://ir.uitm.edu.my/id/eprint/31056

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